BigHand Business Intelligence powered by Iridium

BigHand Business Intelligence powered by Iridium is an advanced financial business intelligence solution specifically designed for law firms. According to the vendor, it offers customizable dashboards and reports that provide insights into the financial performance of the firm, including profitability at various levels such as overall, individual clients, and matters. This software solution is targeted at law firms of all sizes and is utilized by legal professionals, law firms, legal finance teams, firm management, and operations teams within the legal industry.

Key Features

Customizable Dashboards and Reports: According to the vendor, BigHand Business Intelligence powered by Iridium offers fully automated reporting on the financial performance of law firms. Users can drill down into key financial KPIs such as fees, time, collections, profitability, and general ledger (GL). The solution provides customizable dashboards and reports for visualization and analysis.

Modules and Warehouse Data Storage: The solution provides modules for Profit, GL, Expense, and Revenue analysis, according to the vendor. It offers both traditional data storage and advanced analytical capabilities. The data warehouse replaces manual reporting with data visibility across the entire law firm.

Advanced Modules: According to the vendor, BigHand Business Intelligence powered by Iridium includes independent modules for Profit, GL, Expense, and Revenue analysis. These modules are tightly integrated with each other, providing a complete view of profitability and financials.

Practice Management Plug and Play: The vendor states that this solution allows for standard and rapid deployment against law firm financial systems. It seamlessly integrates with practice management systems, enabling easy data extraction and analysis.

Role-Based Views / Access: According to the vendor, users can enjoy different views and access levels based on their roles, such as Firm, Partner, Practice Group, and Individual. The solution displays key information relevant to each user's role, fostering a culture of commercial awareness.

Intuitive Interface: BigHand Business Intelligence powered by Iridium leverages existing Microsoft technical expertise, according to the vendor. It is designed to be easy-to-use with minimal training requirements. The vendor also claims that the solution is backed by 24-hour support for any technical assistance.

Self-Service Analytics: According to the vendor, users can view data in their preferred visualization tool, including PowerBI. The solution enables controlled access to relevant metrics for self-service analytics, empowering users to obtain instant answers.

Profit Module: The vendor claims that the Profit Module is tightly integrated with other modules, providing a complete view of the law firm's profitability. It offers insights into the overall firm performance and profitability.

GL Module: According to the vendor, the GL Module provides a robust foundation for analyzing and reporting on general ledger data. It offers drill-through capabilities to journal entries for detailed analysis.

Expense Module: The vendor states that this module monitors vendor expenses and identifies trends. It provides reporting and analysis of accounts payable (AP) by vendor, including aging buckets. Vendors can be classified by Vendor Type for further analysis and reporting.